With metal prices on the rise , gold and copper miner Freeport Mcmoran (FCX) has been steadily clawing its way back up the rankings in the SIA S&P 500 Index Report, starting near the bottom of the red zone and recently returning to the Green Favored Zone. FCX currently sits in 78th position, up 16 spots on the day and up 40 places in the last month.
General Electric (GE) has been climbing back up the rankings in the SIA S&P 100 Index Report since August. In October it broke out of a downtrend and this week it returned to the Green Favored Zone for the first time since April of 2021.
Gold producers have caught fire lately with the metal price on the rise against the US Dollar. As a case in point, Barrick Gold (ABX.TO), which had spent the last two years stuck deep in the red zone of the SIA S&P/TSX 60 Index Report, has soared up the rankings in recent weeks, and has kicked off 2023 by returning to the Green Favored Zone for the first time since November of 2020.
Energy producers have started the new year in decline along with energy commodity prices. Peyto Exploration (PEY.TO), for example, started to slide in the rankings of the SIA S&P/TSX Composite Index Report a couple of weeks ago.
Defense contractor Raytheon Technologies (RTX) has been steadily climbing back up the rankings in the SIA S&P 100 Index Report since October. On Friday, it returned to the Green Favored Zone for the first time in six weeks, and before that since August, finishing the year in 24th place, up 2 spots on the day and up 7 positions in the last month
With metal prices making a comeback in recent months, Labrador Iron Ore Royalty (LIF.TO) has been steadily climbing back up the rankings in the SIA S&P/TSX Composite Index Report, and this week, it has returned to the Green Favored Zone for the first time since March. LIF.TO finished yesterday in 58th position, up 43 places in the last month.
Apple Inc (AAPL) has steadily been sinking down the rankings in the SIA S&P 100 Index Report since peaking back in August.
Nvidia Corp’s (NVDA) relative strength recovery came to an abrupt end yesterday as the shares tumbled back down into the Unfavored Zone of the SIA S&P 100 Index Report, falling 35 spots to 86th place as the shares fell 7.1%.
Agnico Eagle Mines Ltd (AEM.TO) has re-entered the Favored Zone of the SIA S&P/TSX 60 Index Report yesterday moving up two spots to the 14th ranking
Charter Communications has fallen 9 spots in the SIA S&P 100 Index over the last month to sit in the 102 position (out of 103 names) at the bottom of the report.
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